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it is a slope, it is going to hurt the economy. it's not going to happen overnight, we're not going to go into a major recession overnight, but, you know, the democrats clearly don't want to sacrifice unemployed workers and, you know, and the economy as a whole to, you know -- and so that's where they're vulnerable. and this is hypersimplified. i mean, i don't even -- you know, the tax increase is not just a bush tax cut, but it's a payroll tax cut, and unemployment is another big factor there, the extended unemployment. so the, you know, sort of a point -- okay. well, okay, i'm going to skip ahead, but just a couple of points to be made here. you know, economists are all glad that now -- or keynesians are glad that there's an implicit, you know, that the whole discussion around the fiscal cliff implies that you're a keynesian, that you really believe the economy's going to go south if you, if you close the deficit even though it's not usually stated in those words. you know, a couple of details are, you know, yes, generally speaking all else equal you reduce the deficit, you will have, y
is offering the republicans. at some point, and i don't know how much we have to damage the economy before that, republicans will do something they haven't done in years and vote for a tax increase. >> thank you both. >> thank you. >> coming up, the fallout from karl rove's $300 million fail is getting humorous. wait until you hear the new plan. >>> and breaking tonight for the first time we are hearing what mitt romney really thinks about why he lost. you will not believe who he's blaming. stay with us. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. out for drinks, eats. i have very well fitting dentures. i like to eat a lot of fruits. love them all. the seal i get with the super poligrip free keeps
that what voters care for our jobs and the economy. immigration is either number two or number 3 on their list of things that they care about. it is much higher in places like arizona. it is the number two issue among hispanics. my sense has been that i do not think hispanics always want to be associated with immigration. it is difficult to separate the immigration conversation from them because it is so integral to their lives. 60% of hispanic voters know somebody personally that is undocumented and they could be dating that person or it could be there brother or father. i have talked to people about this. hispanic advocates tell me that it is hard to separate immigration from them. that could change if there is a revolution. they are the driving force behind it. host: a couple of facts from the pew center. people ages 98-29, the youth -- people ages 18-29 make up about a third of all eligible hispanic voters. guest: this is an issue that is closer to their hearts. host: the projected population growth among the latino community. made up of about 17% of the population in 2011. i
budget office says automatic tax increases and deep spending cuts could send the economy into a deep recession. >> on tuesday night, we found out that the majority of americans agree with my approach. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> still, john boehner has left the door open to finding new revenues by reforming the tax code. >> both sides will be looking for ways to claim victory without causing too much trouble for their respective party basis. >> both sides can at least agree on this. the nation cannot plunge off the fiscal clef. -- cliff. >> the president is encouraging congress to go ahead and extend tax cuts for middle-class americans while negotiations continue on the rest of this. >> so what is the fiscal cliff and how could impact your money if congress does nothing? the truth is, it could affect everything from your dog to your 401k to your wallet. -- your job to your 401k to your wallets. it could translate into your taxes going up by $3,500 next year. >> more will be taken out of your check. you'll have le
it gets us to sea level. the economy is coming back. we can see a brighter future. over time, we can reinvest in education, reinvest in higher education, social services. but it's not happening tomorrow and it's not happening the next day. >> so what everybody's wondering, will our taxes be raised within the near future, the next year, two years? >> well, voters decided that taxes will be raised, of course-- >> besides prop 30. >> beyond prop 30? that's not where we're going to be focusing. there are other things that we can do with a two-thirds vote threshold. a lot of the dysfunction that appears from sacramento is because the majority has not had the authority to do its job. with a two-thirds vote threshold, without a two-thirds majority, the minority can literally veto what the majority wants. now the majority can do these jobs. >> it's a little evasive. we're saying not taxes, at least not now. what are the other things you think are going to be on the table? >> fiscally related, we can look at tax credits, tax expenditures, tax loopholes, mostly benefiting corporations. they ca
that corporate profits will begin to disappoint and that the global economy will hardly grow next year or even contract. and for that is the reason that stocks from the highs in september at 1470 on the s&p will drop in my view at least 20%. apple has already dropped more than 20%. >> what's causing this global shedo do slowdown? is there any way out of this or is this a messes that we have to live with right now? >> each country has specific problems. i was in vietnam, i've seldom see seen such an overbuild real estate market. it will take years to absorb everything. and vietnam property market is a microcosm of the chinese property market. it will also take years in china to absorb all the properties that are being built. in the western world including japan, the problem is we have too much debt and that debt now will have to be somewhere somehow repaid or it will slow down economic growth. and so i think that we live beyond our means 1980 to 2007 and now it's pay back period. >> it's pay back period but if you have a situation that you expect where the fiscal cliff is one that we never addr
about the economy and looming budget cuts and tax hikes this week in the nation's capital. this week on capitol hill, the house and senate and the leadership elections will be under way in both the house and senate side. we expect to hear from members throughout the day tomorrow about those leadership elections as well. the incoming freshman class for the 113th congress is in washington this week. democrats in that freshman class met with reporters today and that's one of the events we covered and you will find that in our video library at cspan .org. four bills and votes if requested coming up at 6:30 eastern. s. 1956. the speaker pro tempore: the clerk will report the title of the bill. the clerk: senate 1956, an act to prohibit operators of civil aircraft of the united states from participating in the european union's emissions trading scheme, and for other purposes. the speaker pro tempore: pursuant to the rule, the gentleman from florida, mr. mica, and the gentleman from west virginia, mr. rahall, each will control 20 minutes. the chair recognizes the gentleman from florida. mr.
conservative leaders will be spectators over the next two years. >> more jobs lost, the economy down in who years, people will want answers. republicans notom need to have the answers but they need to spend the time in the districts today. >> as for the governor, his own party now has the ability to override his vetoes and the ability to raise taxes on their own. >> i voted for it. the only way to raise a tax is ask the people. >> leno said they will close the loopholes and the focus is is not on increasing taxes, republicans call that a bluff. >> the first tax increase, the next tax increase is never the last tax increase. the last time california had a super majority was back in tphaep33 and that time it was the republicans in power. the new legislators will be sworn in on december 1st. >>> berkeley's measure is still counted tonight. now t shows that it is losing. 5 days after the election measure s trailed by about 1400 votes. it would outlaw people sitting on the lawn during business hours. measure t, allowing taller buildings in berkeley is losing by 400 votes. a dramatic rescue. 20-y
are hurting giving back not only to the people but to the economy. they buy food there, supplies, they buy heat and gas and it's an amazing, amazing gift. if you can give anything, it goes directly to the people who need it. 105 grand. way to go. all right. we're there until 7:00 right, roberta? >> reporter: we love you, bay area. thank you for having so much heart. >> big heart. all right. thanks. we'll check back with you. >>> the homosexual sodomy movement is attacking chik-fil- a because it supports traditional normal american values. >> the dueling protests at the bay area's newest chik-fil-a. >> bay area drivers willing to wait in traffic. we are going to show you the goal at the end of that gridlock. it is a jammed- packed, grad [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled
economy has hurt sales. this is a trade down play. a weak economy is supposed to help sales. we also hear from walmart, gap, and target. and these three have been on a tear. can we continue? i think the storm might impact how well they're doing and i fear these stocks are all too high. maybe you sell some wednesday? on the other hand, the stock of ross stores has been horrendous already. maybe that one can bounce on thursday morning. i do think it's cheap and it has great growth. friday morning foot locker reports. as foot locker goes so goes nike. we have the goldman sachs industrial conference that starts monday. we think that china is turning. how much? how soon? we'll find out next week. tuesday's best buy. they're having an analyst day and this one should be down right comical. company is challenged everywhere. previous management wants to buy the company back, amazon. then we get the credit suisse. we will get the best of the best at this conference which is the biggest of the year for that sector. it also tells you what is big in the pharma pipe. and humana has an investor day next
inject a lot of money inside the economy very fast. there's a lot of people that's got money that's invested, can't take money out, that can use the money for other things, for buying extra properties, getting the economy simulated that way. i just feel that if they let you take your own money that you saved and worked hard for and let you pull it out without being taxed to death, that would actually help the middle class more than cutting taxes on the other end. and i don't know what the other people that's in my situation feel that way, but i think somebody should say, ok, 401-k's, you got three years to take this much out, this was the limit, and we're going to tax you this much if you do not take advantage of this and we go back to the way it was. host: thanks. johnny in texas makes under $250,000 a year. johnny, you're on the "washington journal." caller: yes, die make under $250,000 a year, and i think the bush tax cuts ought to be suspended. host: do you think that the election gives the president a mandate on taxing the rich? caller: i definitely do. it's a mandate, becaus
the economy going. he then provided leadership for some regulation of the financial institutions through the dodd-frank legislation. we can argue about whether that is adequate regulation. we are going to have a debate still over whether these too data to failed banks are too data to exist and should be broken up -- too big to fail banks are too big to exist. caller: i have two comments. first of all, i see some inclination here to over romanticized what the senate was in the past. one example i think of when you say we did things for the good of the country was the subsidy we gave to our tobacco farmers. it is disgusting, appalling, and inexcusable. it represented the power of one or two senators or a handful of two -- handful of senators to control things and clearly that was not good for the country. as far as the current congress goes, i am upset with the democrats because they give away things on the 40 votes. they should make the republicans actually filibuster. that means the republicans have to get up there and read from the bible in shakespeare and stuff like that. make them do
economy while keeping the financially troubled economy on the eu currency system. thousands of protesters demonstrated and clashed with police in riot gear as they protested the new budget that calls for spending cuts and higher taxes. tomorrow eu finance ministers will meet. the greek economy prices will be the center of those talks. >>> in florida today a rally on behalf of a bethesda, maryland man being held in a cuban prison. demonstrators gathered in west palm beach where the national symphony was making its first u.s. tour. they're protesting the imprisonment of alan gross, serving a 15-year sentence on charges he was trying to undermine the cuban government. gross says he was merely trying to provide internet service to the small jewish community in cuba. there was a letter signed by 500 rabbis and addressed to cuba's president. it calls for gross' release on humanitarian grounds. >>> residents could have their electricity back, but tens of thousands of homes and businesses were too damaged to receive it. residents of those homes are now scrambling to find temporary housing. real e
on the deficit which are critical in order to get the economy growing again and people back to work. and think that is over -- it's certainly number one domestic challenge. my point is also the number one national security challenge. why? because a healthy economy and a healthy balance sheet undergirds everything we do internationally. funds our military, gives strength to diplomacy. allows us to be an attractive trading partner which gives us economic influence. it undergirds everything we do overseas. secondly, it also undergirds the power of the american idea. the american idea is political democracy and free markets makes for a stable situation in the long term but also makes for a prosperous society that's able to deliver on its people. that is really what america has stood for and by our failure to resolve our own problems and get our economy growing and going again, we undermine the strength of the american idea internationally. and that's why countries are flirting with this notion of well maybe china has it right, state capitalism plus keeping your people in line. and that is very des
. they are talking about jobs, improving the economy. if they are willing to save medicare and social security are going to stay, they can get african-american votes. to write them off as arthur davis suggested i think would be a colossal mistake. host: we will get to your calls in just a moment. you can also send us a comment on facebook or twitter. what surprised you about the election? guest: was surprised me was the breadth and the depth of president obama's victory. in this split america with 5% of people independent voters, i think it was a very decisive victory. if you look at all of the stories we were reflecting before hand, this will take months to figure out, this will go to the house of representatives. baloney. president obama won the electoral vote 332-2 06. that is pretty solid. he won the popular vote by about 3 million votes, which is decisive. he won eight out of nine of the battleground states were all told were so close they could easily go to mitt romney. he did not lose in north carolina by much. host: were the polls wrong? guest: from my perspective there was too much at
. they are the ones who hire. that is a huge issue because jobs drive the economy. that is what the cbo is looking at if the fiscal cliff goes through we will see a contraction of the economy. >> gregg: over the next four years, what industries or companies could be winners or losers? >> i mentioned some of the ones that were hard hit and some of the others that did well after the election. if you look at things companies that pay out dividends. >> gregg: utilities. >> very good point. we'll see that the sector hit. it's been down 5% just for fears of this. you could see tech companies go up. they don't pay dividends. they plow their cash back in the company. their lobbyists have been success withful with the congress. >> gregg: financial industry despises the dodd-frank hyper regulations. they were trying too to overturn it. it doesn't look terribly likely right now unless the courts do it in some information. is that still negotiable because the rule making is still in the hands of regulators? >> yeah, it is but a lot of pessimism by banks about this whole issue. they will be facing these regula
with voters and stand on that issue and then wait for the economy sadly to go down, because it is, and then be there to be opportunistic and make their way back. >> okay. the reason that california units is twofold. one is to support the tax plan, but the other thing is proposition 32, which republicans put on the ballot to try to take unions out of the political equation. you invited a fight you couldn't win and they cleaned your clock. >> thank you very much for saying that. i was so powerful that i did all of that. in fact, that was put on the ballot without consultation in advance by the california republican party. with all the legislators being involved. that sort of a problem with republicans in california. we help all the separate groups that don't work together and plan these things out. that is the headache that republicans both me and the party and in the legislature have to deal with is outside parties who have these agendas. >> it's not unique. jerry brown woke up and found molly munger, a democrat leaning individual, coming up with her own idea of a tax plan. let me
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business." $6 billion invested in this economy. did we see a boost in the sluggish economy? guest: christmas in september for the television stations in some of battleground states. stations were cutting back on programming so they could fit in all the advertising. we have tried to get a handle on the tv ads and have created a database which pulls in the advertising that is not registered at the federal communications commission. it is the top 50 markets. we are trying to pull that together and have asked volunteers to go to some of the uncovered markets and help us collect the other advertising. there are these concentrated pockets of spending in these communities. the television stations are telling us it is difficult to make these filings and put this in an electronic format. hire an extra clerk or two if you're making so much extra money. host: is this estimate correct -- about a million commercials? guest: as far as i know, yes. it certainly shows like at least a million. host: matt on the republican line. you are on with kathy kiely. caller: i have good news for the democrat
is product and we are proud of to help support of the music back in the classrooms and economy that has had difficulty supporting this. bono is an example of what people together can achieve. if there to irish people, one of them can sing. i am the other guy. i certainly cannot partner with bono in the studio but i can partner to help the lives better round the world. we take this seriously. please welcome me in welcoming bono to the stage. >> thank you very much. >> thank you. he is a very special man. we are thrilled. the band wanted me to say thank you. every school and ireland will have access to free music lessons if they need. brian has been helping us out with that. thanks to the president has made me feel so welcome year into jt right there who is learning the chords of "bloody, sunday bloody" instead of doing his homework. [applause] bad this is the. . you have it here. u2 has played some nice whole. i do not know if this is an election or a pulpit. i feel odd. welcome to pop culture studies 101. please take out your notebooks. we're going to discuss why rock stars should never be
of reasons, including it will be damaging to the economy. we learned recently that president obama in august of 2011 was kind of ready to do a nixon goes to china moment on entitlements and i think that's still on the table. have real entitlement reform. on taxes it's as bill clinton said. it's simple math. spending is at 24% of gdp. taxes are at about 15% of gdp right now. even the most conservative member of congress only proposes to bring spending down to say 20% or even 19% of gdp. you still have a 4% to 5% gap. that represents hundreds of billions of dollars that has to be made up. even if you assume growth could get back to 3%, that won't make up the gap. so taxes have to be on the table. there's no way to get around that if you want to actually deal with the fiscal crisis that we have. and what is most heartening to me is to learn today that the president is willing to take this show on the road, to go out into the states and make the case and actually reinforce that mandate he has and make republicans realize that those that want to work with him will be rewarded as people who are tr
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and the president act. i'll tell you what falling off that fiscal cliff could mean for you and the greater economy. >>> a massive recall from toyota. millions of cars called in because of a steering problem. what you need to know. >> among our guests today, new york congressman steve israel will be joining us. newt and callista gingrich. author kitty kelley. pennsylvania congressman allyson schwartz. patty murray is with us and director oliver stone. it is wednesday, november 14th. "starting point" begins right now. >> look at me i'm whistling our theme song this morning. you're watching "starting point." the scandal, and it's spreading, is now engulfing two four-star generals. there are some new details about the woman who is at the center of it all. her name is jill kelley. she is described as a tammpy socialite. she first reported she's anonymous harassing e-mails to an fbi agent friend, and that ended up triggering an investigation. those e-mails eventually turned out to be sent by paula broadwell. that would be david petraeus' biographer. and eventually turned out his mistress, as well. we me
just consider mitt romney had won, he said he'd be focused exclusively on the economy, president-elect for a day and a half and then a sex scandal breaks out with his top generals. that would have been interesting to see how governor romney handled that moment. >> the other aspect of this story that i assume the country will get to, the media will get to quite quickly is the surveillance tape. i mean, this is pretty scary stuff. some of your e-mails to me and mine back to you, i don't want anybody reading them. >> yeah, that would be bad. you know, and it's interesting. here's the surveillance -- the architects of the surveillance tape caught up in the surveillance tape. that's the kind of thing that's so fascinating about it. >> but one of the fascinating degrees is the degrees to which broadwell and petraeus went to lengths to try and stop their e-mails being traced, by using this system of saving in the draft folder in their e-mail accounts and stuff. so they were clearly aware of the risk of being watched. and yet they still went ahead and sent e-mails on an extraordinary sca
the house. there's a question that most of us believe it would not be good for our economy to go over the fiscal cliff, that we have to resolve these issues, deal with what is the right tax policy, what is the right spending policy and how do we best grow the economy? i do think we have to stand firm. it's very clear we need new revenue and republicans are saying kind of the right tone but what they're actually saying is still no new revenue. it's got to come from economic growth from tax cuts. it's not a policy that's worked for this country before. it's not a policy we believe will work for this country going forward. we have to get it right. can we get it all done before the end of the year? not so sure about that. but we ought to make some decisions and set ourselves on a path to fiscal reality and fiscal responsibility in a way that makes sure we have a way to bring in new revenue to grow this economy and to protect the government spending that meets obligations to our seniors and to our future. that's a big lift for us to do in a few weeks. >> there's a growing sentiment to thos
jobs in this economy. >> and we tried to do the same thing in philadelphia, a sugary tax, no, no, it was knocked down by city council, almost instantly. you've been to philly, no. >> alisyn: don't mess with-- >> we're going to tax your cheese steak, no, you're not. i get the idea what they're trying to do. they're trying to make us more healthy. it's personal responsibility. leave it up to me to eat the big mac. >> dave: denmark showed us the way. >> alisyn: you'll always make the wrong decision. you can find us all on twitter and let us know if you think that the fat tax has any merit, including increasing revenue. >> dave: all right. coming up next, they stand in the front lines to protect our freedom, this veterans day we'll meet a woman whose husband just returned home from afghanistan, she shares what it means to be a spouse of a guardsman. >> then, if congress can't come to a compromise, millions of americans could pay the costs come next year. so, what does the nearing fiscal cliff mean for your wallet? we'll talk about that. ♪ come together right now ♪ over me ♪ ooh
, and that will almost certainly push the economy back into recession. so there's an awful lot at stake right now. what paul ryan said is very interesting because we had an editorial on monday from glenn hubbard, mitt romney's economic adviser, essentially saying that yes, we recognize we need to talk about tax increases for the rich. i mean, he actually stressed that that should be the starting point of a discussion. he didn't say, glenn hubbard, that he increases -- he wants to see increases in tax rates. he was looking at closing loopholes, things like that, but he was willing to put that on the table. the problem, though, is that even if advisers like glenn hubbard are saying that, what we're seeing is people like paul ryan still very much signaling strong opposition to that idea. >> what's your head count in the senate, the number of republicans -- >> in the senate? >> yeah. >> i think the senate will pass whatever the leaders agree to. i think like with most of these things now, they'll have to go to the house floor without knowing -- without the votes. the question is who can you lose and still
. will these businesses be shut down? will it weaken the national security because of a weakening economy? these are tough questions. veterans need to know that the american it legion and our elected officials are working hard to resolve these issues confronting the nation they swore to protect and defend. these men and women have sacrificed in ways we are only beginning to understand. the families have and will, and it is truly a to us to ensure the sacrifices are rewarded with the promise of a brighter future. that a brighter future we all know, depends on the ability to earn a decent living. in my written testimony you will find jobs among the american legion's list of priorities. a stronger economy and specifically improve career prospects for veterans will go a long way towards solving a number of problems facing our nation today. it is no secret that a larger percentage of america's veterans are struggling to find work, having faced jobless rates as much as 2/3 higher than in the comparable civilian population in the past year. the american legion has been to the forefront of efforts to combat veter
our economy is still recovering from the great recession, our top priority has to be jobs and growth. >> economists say the country will be plunged into another recession if it goes over this cliff on january first. that's when bush era tax cuts expire unless the president and lawmakers agree on a new plan. any deal must include asking wealthiest americans to pay more taxes. house speaker john boehner disagrees. >> the problem with asking for more taxes is a lot of them are small business owners. >> they're asking from the middle class. most of them work on the more contentious issues at stake by the end of the year. >>> the airport authority got an award nobody wants. the golden hammer for the week's worst government waste. and while it controls dulles and reagan airport, billions in federal money is spent. the journal talks about free football tickets they got, side jobs and one contact that went 1700% over budget. the washington garden also -- guardian also stunned because it awarded 2-thirds of its contracts without opening up for bid. >>> president obama will travel to new york
come to a deal the fragile u.s. economy is headed towards something called the fiscal cliff. >> on january first, $6 trillion in tax increases that will hit all working americans and $1.2 trillion in spending cuts leading to another recession. the big question is whether the bush tax cuts should expire. the president says they should. it's a case he made over and over on the campaign trail. tax cuts tax cuts tax cuts. yesterday john boehner told die an that is a nonstarter. >> i made clear yesterday that raising tax rates is unacceptable. and frankly it couldn't even pass the house. >> still today the president said the debate had been settled. >> this was a central question during the election. it was debated over and over again and on tuesday ni
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in this economy is at high risk of homelessness so our prevention effort here is to make sure youngsters get into school, stay in school and graduate and have an opportunity to go on and work. a housing mortgage program last year about 90,000 veteran mortgage owners who had defaulted on their home loans were able to defer roughly 75% of them to be effected from their homes and that is with the va financial counsel helping them get control of their finances and monthly payments, extending the payment period but the return to us is we are able to ensure stability and that we will deal with these veterans as homeless veterans otherwise, and the records indicate it's about three and a half times that for veterans that are not homeless, so there is an important aspect of this and why all i say that we were able to save 75% there's still 25% we did not save coming and we have got to just do better at it. >> thank you mr. secretary. >> mr. johnson? >> thank you, mr. chairman. and both of you, general shinseki and secretary panetta, i've come to respect greatly both of your commitments and your hear
raising taxes. he wasn't talking about growing the economy. so as people earn more, we end up getting more tax revenue from those larger earnings. all of this may not calm wall street because whatever they do between now and the end of the year may be temporary if they continue to work out the big picture. what we do know, the congressional budget office says, if congress does nothing, we could be looking at 9% unemployment next year. >> tracie potts live on capitol hill. tracie, thank you. >>> secretary of state hillary clinton has said she does not plan to stay with the obama administration for his second term. that has sparked a lot of questions about who the president would choose to fill that spot. it appears u.n. ambassador susan rice is emerging as a leading candidate. according to bloomberg news, several white house officials say rice is close to the president and has a similar foreign policy philosophy as the president. senator john kerry and national security adviser tom donlon have also been mentioned as potential replacements. hillary clinton may remain secretary of state for t
for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >> shannon: a look at the top stories. ceremonies around the nation held on the veterans day. special event held at the vietnam memorial at this hour. earlier in morning, president obama and the first lady hosted a breakfast for veterans and their families and then traveled to arlington ceremony for a wreath-laying ceremony at the tomb of the unknown soldiers. in france, another tomb o unknown seasonal. the president there laid wreath for armistice day. a man got a big surprise helping out in the area he bought a lottery ticket at 7-lieb and won $100,000. he hopes to invest the money and give some to the church and those in need. congratulations. congress has until the end of the year to come up with a plan to avoid massive spendi
economic policy, the right fiscal policy to help the economy grow and help it to continue to grow jobs. he is also continuously focused on his foreign policy and national security agenda. he has great confidence in the acting cia director. he has confidence in his military and the secretary of defense and defense department to carry out the mission has easy signed to them. but he's got obviously a lot that he wants to get to work on, and he's doing that this week. >> how does this affect, though, his need to revamp the national security team. >> again, i think these are specific questions about specific individuals and posts. i can say now, even though you haven't asked, that i have no announcements to make with regards to personnel and no speculation to engage in. i can tell you that the president has not made a decisions on personnel matters and you will not hear me discuss them until the president has made those decisions and has announced them. >> jay, you're saying regarding two specific people you can't extrapolate. these are two military brass involved in extramarital affair or what
the economy into a deep recession. >> more would be taken out of your check. you'd have less to spend and the impact would be substantial. think of the coffee shop across the street from a plant that makes weapons. the ripple effect on communities, on workers, on families. >> the president urged congress to extend tax cuts to the middle class now while negotiations continue on a broader deficit reduction deal. >> if washington can't get a deal done before january and we go off the proverbial cliff, experts say marylanders would be hit harder than many other states. >> as politician stake positions on how to avoid a fiscal cliff. >> i'm not going to ask students and seniors and middle class families to pay down the deficit. >> the problem with raising taxes on the wealthiest americans is more than half of them are business owners. >> if washington must slash spending, government jobs could go down with it. nearly 6% of the state's work force are federal employees, well above the national average of 2%. maryland houses major government institutions like aberdeen proving ground, fort mea
. >> if mitt romney cannot win in this economy, then the tipping point has been reached. we have more takers than makers, and it's over. >> joining us here in new york is jimy williams, an msnbc contributor, and from washington julian epstein, a democratic strategist. thank you, gentlemen, both for being with us. julian, i know conservatives don't want fact checkers dictating this election, but the makers/takers argument doesn't actually hold water because bloomberg reports 70% of counties with the fastest growth in food stamp aid during the last four years voted republican in 2008. why do they keep pushing this false notion? >> because they need a fall guy as comfort food, and it's a silly argument. it's not just the bloomberg data. if you look at who gets most of the safety net expenditures in the country, it's seniors. they're one of the few demographics that republicans overperform on. also if you look at red states versus blue states relatively, red states pay fewer tacks and get more benefits than do blue states. bill clinton has a great line that if you want to live like a republican,
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